When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts, such as IRAs, 401(k)s or 403(b)s. While some assets sit well in these accounts, others would do better in taxable ones. How …Read More

 

One downside of contributing to a traditional IRA is that, once you reach age 70.5, you must begin taking required minimum distributions (RMDs) and pay taxes on those distributions. But you can use a qualified …Read More

 

With Froehling Anderson’s outsourced accounting services, you can focus on running your business instead of fretting over proper transactional recording methods or tracking performance metrics. F.A. offers services in three distinct areas: Virtual Bookkeeper: This …Read More

 

A “cash gap” can occur when a business tries to overcompensate for a shortage of cash by continuing to sell more. Robb Prestholdt, CPA, CMA explains this term to help your business steer clear of …Read More

 
Daniel D. Hainlin

Small Business Tax Brief

Tax Planning Critical when Buying a Business Acquisition of another company means a much longer to-do list; as such, you won’t be able to devote all of your time to the deal’s potential tax implications. …Read More

 

The New Not-For-Profit Accounting Standard

Beginning in 2018, a new accounting standard will go into effect for churches, charities, and other not-for-profit entities. The following is a summary of the major changes:   Net Asset Classifications The existing rules require …Read More